Holding a 39% state in the Mali power utility Energie du Mali, SAUR International, an affiliate of France's Bouygues group, has sold its holding to its partner IPS-WA, a branch of the Aga Khan Fund that deals in industrial operations. IPS-WA, in turn, handed the stake over to the Mali government.

The Malian government has repossessed the majority share in the country's electricity and water provider from French group SAUR International, in effect renationalising the body after a long row centring on accusations that the overseas partners had failed to fulfil contractual obligations on new facilities and pricing.
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